Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to report UTMA IN PROCONNECT online for income under $2200

nmcori
Level 1
 
Labels (1)
0 Cheers
3 Comments 3
George4Tacks
Level 15

I assume the EIN is for the child. It goes on the child's return and you indicate that the child is claimed as a dependent. The child may owe some tax, based on the AMT. of the UTMA. 


Here's wishing you many Happy Returns
0 Cheers
Yolcru0p
Level 1

How do you report the UTMA in the child’s social security number. It’s under $300. 

0 Cheers
sjrcpa
Level 15

If that is their only income the child does not have to file.

Otherwise report it on the child's return.


Ex-AllStar